CFA's Entrepreneuerial  Finance & Factoring Conference

April 1, 2011
Click here to access the latest issue of TSL online

The Secured Lender's March 2011  issue

Welcome to TSL's Deal Alert! The following industry-related deals were compiled from TSL Express. Deals are listed in alphabetical order by company.

If you'd like your deals included here, or have any questions, please contact tslexpress@cfa.com.

The next TSL Deal Alert is scheduled for the first week of May.

Deal Size
Borrower Details
Notes
Access Capital
$1.6M
Company that specializes in contract packaging and filling for the pharmaceutical and cosmetic industries, New Jersey
Credit facility, comprised of a $1.1M working capital revolver and a $500M term loan
Accord Financial Inc.
$2.5M
Poultry processor, Laval, Quebec
Accounts
receivable facility
Aileron Capital Management
$2.6M
Acquisition and renovation of a 120-bed hotel, Saginaw, MI
SBA 504 loan
Bibby Financial Services
$1M
Nationwide appraisal management company
Factoring facility
$750,000
Plastic polymer manufacturer, California
Factoring facility
$500,000
Transportation company,
Ontario
Factoring facility
$250,000
Temporary staffing company, Arizona
Factoring facility
$250,000
Transportation company, Indiana
Factoring facility
$250,000
Contemporary women's wear importer, California
Factoring facility
Brookridge Funding
$2.9M
Three new clients and one previous portfolio company
 N/A
Celtic Capital
$750,000
Manufacturer of traffic signals and controls, Tucson, AZ
Accounts receivable line of credit
CIT Group, Inc.
N/A
Apparel company Christian Casey LLC, DBA Sean John
Senior secured credit facility, completed by CIT Trade Finance, a unit of CIT
Crestmark's Baton Rouge, LA office
$5M
Louisiana provider of diversified services for the energy industry
N/A
$2M
Engineering consulting firm, Louisiana
N/A
$900,000
Oilfield service company, Louisiana
N/A
Crestmark's Nashville, TN office
$150,000
Trucking company,
South Carolina
N/A
$2M
Trucking company, Texas
N/A
$1M
Trucking company,
South Carolina
N/A
$150,000
Trucking company, New York
N/A
$3M
Trucking company, Missouri
N/A
Crestmark's Troy, MI office
$3M
Distributor of semi-tractors, Michigan
N/A
$3M
Provider quality inspection services, Michigan
N/A
$1M
Integrated Media management services company, California
N/A
$1.2M
Distributor of specialty building material products, Michigan
N/A
$250,000
Staffing company serving the automotive industry, Michigan
N/A
$250,000
Training provider, Michigan
N/A
$3M
Distributor of skin care products, New York
N/A
Crestmark's West Palm Beach, FL office
N/A
Importer of high-end denim, California
Funds-as-collected arrangement
N/A
Wholesaler of men's and women's watches, Florida
Funds-as-collected arrangement
$1.25M
Provider of commercial print services, Florida
N/A
$4M
Wholesaler/distributor of towels, sheets and apparel, Florida
N/A
N/A
Furniture importer, California and North Carolina
Funds-as-collected arrangement
N/A
Furniture manufacturer, Mississippi
Funds-as-collected arrangement
$1.25M
Staffing company providing staffing for banks, California
N/A
First Business Capital Corp.
$6M
Manufacturer/distributor of industrial apparel, Mississippi
Revolving line of credit
$5.5M
Company in the food service industry, Minnesota
Revolving line of credit and equipment term loan
$6M
Manufacturer/distributor of industrial apparel, Mississippi
Revolving line of credit
First Capital
$4.25M
Plastic molding and electronics manufacturing services company
Asset-based lending facility
$15M
Company that markets and distributes fertilizers
Asset-based revolving line of credit
$12M
Distributor of fuels, oil lubricants, greases, antifreeze products, propane and convenient store merchandise
Asset-based credit facility, consisting of a $11M revolving line of credit secured by A/R and inventory, and a $1M term loan backed by machinery and equipment
$4M
Leading manufacturer of resort apparel and merchandise
Working capital facility
$8M
Company that provides printed circuit board, backplane, wire harness and cable
assemblies to OEM's
Asset-based lending facility, backed by accounts receivables and inventory
$7M
Electronic article surveillance (EAS) distributor
Asset-based facility or working capital line of credit
$6.5M
Apparel company and its affiliates providing women, misses and children's sportswear, accessories and apparel
Factoring credit facility
Gemino Healthcare Finance
$8.5M
North Philadelphia Health System
Revolving line
of credit
Gibraltar Business Capital  
$2.5M
Auction and fixed price e-Marketplace business, Illinois
Revolver
$4M
Award-winning office seating designer, manufacturer, and distributor, Nevada
Revolver
$2.25M
Manufacturer of nursing uniforms, shoes and accessories, Pennsylvania
Revolver
 Graystone Capital
$250,000
Leading eCommerce provider for prepaid mobile phone services on social media networks,
San Francisco, CA
Accounts receivable line of credit
Great Lakes Business Credit
$1.5M
Medical billing services provider, Wisconsin
Accounts receivable credit facility
$750,000
Steel processor, metal distributor, and steel framing manufacturer, Illinois
Accounts receivable and inventory credit facility
Greenfield Commercial Credit
$1.5M
Assist in acquisition of a North Carolina distributor of granite and marble slabs and related supplies
Asset-based
line of credit
Healthcare Finance Group, LLC (HFG)
$17.5M
Insight Health Services Holdings Corp., Lake Forest, CA
Revolving credit facility
The Interface Financial Group (IFG)
$410,000
Drywall contractor, Georgia
Spot factoring (invoice discounting) financing
$218,317
Framing contractor, California
Spot factoring (invoice discounting) financing
$108,839
Website design firm, Minnesota
Spot factoring
$113,151 (Australian dollars)
Marketing firm, New South Wales, Australia
Spot factoring
$113,093 (Australian dollars)
Trucking company, New South Wales, Australia
Spot factoring
$91,073
Software training firm, Virginia
Spot factoring
84,474
Staffing firm, Texas
Spot factoring
$87,877 (Canadian dollars)
Trucking company, Manitoba, Canada
Spot factoring
JD Factors
$150,000
Transportation company, Illinois
Factoring facility
$750,000
Moving and storage company, Quebec, Canada
Factoring facility
$500,000
Transportation company, Texas
Factoring facility
$250,000
Gas and oilfield transportation company, Colorado
Factoring facility
$100,000
Transportation company
Quebec, Canada
Factoring facility
$100,000

Transportation company
Ontario, Canada

Factoring facility
$50,000

Transportation company
Ontario, Canada

Factoring facility
$500,000
Transportation broker, Tennessee
Factoring facility
$50,000
Transportation company, Georgia
Factoring facility
$100,000
Transportation company,
Alberta, Canada
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$100,000
Transportation company, Ontario, Canada
Factoring facility
$50,000
Transportation company,
North Carolina
Factoring facility
$50,000
Transportation company, British Columbia, Canada
Factoring facility
$1M
Seafood company, Nevada
Factoring facility
Keltic Financial Services
$4.25M
Sabo USA, Inc., the wholly owned subsidiary of the Brazilian company, Sabo Industria e Comercio de Autopecas Ltda., Plymouth, MI
Revolving line of credit and term loan
Liquid Capital Corp.
$75,000
Company that provides
trucking of oil
Factoring credit facility
$50,000
Company that
provides transportation
Factoring credit facility
$500,000
Company that provides
staffing services
Factoring credit facility
$300,000
Company that provides technical and engineering personnel to oil sands companies
Factoring credit facility
$150,000
Company that provides location services for underground utilities and storage tanks via ground penetrating radar and performs hazardous material removal and demolition services
Factoring credit facility
$300,000
Company that provides
staffing services
Factoring credit facility
Marquette Business Credit, Inc.
$8.5M
Cotswold Industries, Inc., New York, NY and Central Textiles, Inc., Central, SC
Revolving line of credit
Marquette Commercial Finance
$2.25M
Enterprise Pipe & Tube International dba HSteel,
Los Angeles, CA
Factoring facility
North Mill Capital
$5M
Industrial Rivet
Comprised of an accounts receivable, inventory and term loan facility
Oxford Finance Corporation
$5M
Platinum Health Care LLC
Consists of a $4M senior secured term loan and a $1M revolving line of credit
Paragon Financial Group
N/A
Leading supplier of Swiss-made cosmetic beauty tools, New York
Partnered with Crossroads Financial, LLC to arrange financing and established a plan that funded both purchase orders and account receivables
$1M
Alliance Nurse Core,
Fayetteville, GA
Factoring facility
Presidential Financial
$1M
Provider of consumer home and auto fragrance products, Georgia
Accounts receivable credit facility
$2M
Manufacturer of organic fruit
and coffee beverages
Accounts receivable and inventory credit facility
$3.5M
Provider of staffing services
to distribution and logistics companies, California
Accounts receivable credit facility
$4M
Manufacturer of non-slip products such as rug pads
Accounts receivable and inventory credit facility
$3M
Provider of pharmaceuticals for hospice and end-of-life care, New Jersey
Accounts receivable credit facility
Presidential Healthcare Credit
$1.5M
Facility that specializes in behavioral intervention for young children with autism, California
Accounts receivable credit facility
Spectra Financial Services, LLC
$50,000
Closeout and discounted goods distributor, Arizona
Factoring facility
Sterling National Bank
$10M
Milberg Factors
N/A
Sterling National Bank/Sterling Factors
$22M
Importer and wholesaler of infants and children's furniture
Factoring facility
Sterling National Bank/Sterling Trade Capital
$8M
Producer and seller of men's premium pants
Letter of credit facility
$10M
Firm that provides purchase order funding and operates as a full service freight forwarder and customs broker
Facility
$20M
Importer of denim clothing selling to retail chains throughout the United States and Canada.
Letter of credit facility
$12M
Importer of t-shirts and fleece sweaters from Bangladesh, China and Pakistan selling to major department stores
and small retailers.
Letter of credit facility
Summit Financial Resources
$1.25M
Wine distributor,
Northern California
A/R credit line
$650,000
Provider of IT services,
Northern California
A/R credit line
$500,000
Manufacturer of integrated circuit, Northern California,
A/R line
$400,000
Manufacturer of security devices, Southern California
A/R & inventory line
$2M
High tech company that services the entertainment industry, Southern California
A/R & inventory line
$2M
Steel fabricator, St. Paul
A/R & inventory line
$700,000
Electrical testing and inspection company, Indiana
A/R line
$500,000
Newspaper publishing company, Connecticut
A/R line
$1M
Electrical equipment manufacturer for specialty vehicles, Florida
A/R & inventory line
TAB Bank
N/A
Geigerrig, a local outdoor hydration pack and hydration system company, Ogden, UT
Accounts receivable and inventory line
$750,000
Area Logistics, Inc., Pharr, TX
A/R line
$1.6M
Pavco Trucking Inc. and its freight brokerage company, PTI Logistics, Inc.; both located in Clarksville, IN
Working capital lines
TCE Capital Corporation
$1M
 N/A
Invoice discounting facility
U.S. Bank Asset Based Finance
$65M
New Star Metals, a major operator of steel service centers in the Midwest
Four-year revolving credit facility with and Aurora Resurgence
Wells Fargo Capital Finance
$1M
Steel fabrication product and service provider
Purchase order financing facility
$15M
Factory Connection, LLC
Senior secured, asset-based revolving credit facility
$500M
Saks Incorporated
Administrative agent and joint lead arranger for a senior secured credit facility
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com